Victoria Oil & Gas Share Discussion Threads

[deanroberthunt] 21/1/2019 11:06

number 1 & 3 are nailed on correct, they've stated this themselves recently...officially

number 2, I'll give you that, I did my maths wrong, but it will be correct soon...and the debt is very near the mcap now

[mjones727] 21/1/2019 10:43

"12.96mmscfd peak level reached on 18 January 2019 YTD "

Peak supply 13 mmscf/d.

That's 6 mmscf/d max ENEO consumption (30MW) + 7 mmscf/d Thermal and Ind Power all paying $13-$16 mmbtu

Rather encouraging I would say.

[johncasey] 21/1/2019 10:19

wonder what happened to those 7500AT bot trades? also travis gone quiet now its gone thru his 0.5p buy price

[johncasey] 21/1/2019 10:13

to think vog is 0.4p in old money...and gas production is now on the up again and plenty scope to diversify plus possible west med sale and compensation to come..got to be best bargain on AIM

[mjones727] 21/1/2019 10:09

Its a land compo claim I believe. Don't know why the issue has come about now all these years later.

[dan de lion] 21/1/2019 10:02

VOG site in Douala is just a collection of pipes with nothing much happening 99% of the time, except when they were drilling, which was all contained within the compound anyway, can`t really see what is the beef of the locals, except of course a "try on" for compo of some sort.

[philjeans] 21/1/2019 10:01

Going well now, as it should.

Shorters buying back and a lot more to come.

BUY

[johnmp] 21/1/2019 09:58

It will take quite a while for the ruling. Only just accepted that further investigation required.

[mjones727] 21/1/2019 09:47

It's a claim for compo.

[johnmp] 21/1/2019 09:45

A claim is against VOG, though from what date and why may lead us to other questions.

VOG has been trading quite a while and most of its workers are local, so difficult to see why now we have this claim?

It could be because someone wants to force VOG down, then again it could be legit?
So much manipulation on AIM stock and no interest by the watchers to stop it?

[mjones727] 21/1/2019 09:37

"they're cashflow negative...big style...even with the renewed power deal"


drh

This statement above is nonsense.

Just like these statements that you made recently as well:

"plus they have debt in excess of the current mcap"

"Plus we now have the OECD claim against VOG."

[deanroberthunt] 21/1/2019 09:37

happens all the time of AIM

[biggie3] 21/1/2019 09:32

On hold... so additionele Lian yet..

[johnmp] 21/1/2019 09:29

I would have thought it would be inside trading if you sold shares to drive the price down because you had in place an option to buy back at a lower price from the company, yet the rest of the market did not know?

[mjones727] 21/1/2019 09:23

drh

with these production figures today VOG will now be cash flow positive.

Go do the Maths drh.

Coupled with massive admin expenses cut
Zero capex (CNG partmer paying for capex of plant)
Nothing required on matanda for at least 2 years (farm out a portion?)
Insurance settlement soon ?

What do VOG need money for short term ?

Also don't forget this statement in the annual results:

The Company had made applications for an
additional debt facility with local banking
institutions in Cameroon during the second
half of 2017. With ENEO suspending the
consumption of gas on 1 January 2018,
management decided to place the applications
on hold until the matter was resolved.

[deanroberthunt] 21/1/2019 09:21

they're cashflow negative...big style...even with the renewed power deal...and unfortunately they don't have a tree at the bottom of Logbaba that grows money...well they do sort of, it's called a placing

[alangrifbang] 21/1/2019 09:12

Be careful you don't trip over your tongue mjones,

[deanroberthunt] 21/1/2019 09:10

didn't predict one in those months

[mjones727] 21/1/2019 09:07

drh

is this the same placing you predicted in Dec last year ? and Nov ? and Oct ? and Sept ? and Aug ? and July ?

[deanroberthunt] 21/1/2019 08:59

now 99.2% sure

[larry laffer] 21/1/2019 08:57

DRH

certainly has the characteristics of a pre placing dump.........

A closed book placing negotiated with selected buyers.
A unnecessary RNS to prop the share price up above the placing level.
People who have bought into the placing offloading their current holding into the market at a premium to the placing price.

[deanroberthunt] 21/1/2019 08:52

98.2% sure a placing